Mexico City Approves Historic Rent Control Law

New legislation limits rent increases to inflation rate and requires landlord registration of rental agreements.

The law is the most ambitious rent control measure since the 1940s.
It aims to address rising rent concerns driven by digital nomads and short-term rentals.
Mexico City faces a severe housing shortage, needing an estimated 800,000 additional units.
There is uncertainty about whether the law will allow landlords to charge more for property improvements.
The city has historically depended on private developers for housing, raising questions about future investments.